Four-Unit Property with
For Sale
$425,000
322 Bellevue Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,752 SF
Price / SF$242.58
Days on Market47
Property Features for 322 Bellevue Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking
10
Parking features
Off Street
Exterior features
Balcony
Subdivision
Donnelly
Lot features
Corner Lot
Directions
From Ridgewood go East on Bellevue. Building on right.
Standard status
Active
APN
533956000070
Size
1,752 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6869
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private balcony or porch
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Roof type
Shingle
Listing Agency:
Tall Gates Property Management & Sales LLC
(386) 301-5083
Listed By:
Sue Marzello
(386) 846-2660
Added: Jul 21
Changed: Aug 20
Last Checked: Sep 5 at 2:06AM
MLS# 1228854
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Daytona Beach quadplex contains four one-bedroom, one-bath apartments within a 1,752-square-foot property built in 1910. Each residence includes a private balcony or porch at the front and rear, while the building is served by electric heat, window or wall/window cooling units, and a shingle roof. Public water and cable availability are also reported.
Located at 322 Bellevue Avenue, the property provides off-street parking and is positioned near the beach and local restaurants. The four-unit layout offers a clearly defined residential income configuration, with each apartment providing one bedroom and one bathroom.
Located at 322 Bellevue Avenue, the property provides off-street parking and is positioned near the beach and local restaurants. The four-unit layout offers a clearly defined residential income configuration, with each apartment providing one bedroom and one bathroom.
Key Highlights
- Four one‑bedroom, one‑bath apartments
- 1,752 square feet on a 0.04‑acre lot
- Private balcony or porch at each apartment’s front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,369
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,380
$307.4K
Cap Rate 7%
$219,557
$219.6K
Cap Rate 9%
$170,767
$170.8K
Market Conditions
NOI Build-Up for 1,752 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.4K $13.92/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$22.0K $12.53/SF
− OpEx
−$6.6K −$3.76/SF
NOI
$15.4K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,380
Cap Rate 7%
$219,557
Cap Rate 9%
$170,767
Alternative Uses
Best Use
Multifamily LT 5
$219.6K
$192.1K – $256.2K
NOI $15,369 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$190.7K
$166.9K – $222.5K
NOI $13,350 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$516.6K
$452.0K – $602.7K
NOI $36,161 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Daytona Beach quadplex with one-bedroom apartments, private outdoor spaces, and off-street parking.
Where is this quadplex located?
The property is located at 322 Bellevue Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments; 1,752 square feet on a 0.04‑acre lot; Private balcony or porch at each apartment’s front and rear
